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Dec 4, 2012
12/12
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i'll call president obama's bluff. the reason i'll call the bluff is this, i do not think at the end of the day that he will let all the tax cuts expire and he'll let the economy go into a recession. i do not believe he'll do that. i'm call his bluff. he will have to make a deal with republicans because, yes, they will blame the republicans for the recession. i know that's what you're going to say. you know what there will be truth but it's obama who gets blamed for having another recession in his second term. it will be herbert hoover obama. he has ta deal. steve, i'm calling your bluff on this whole thing. >> i'm for him for making a deal and i think he will. the republicans could pass a bill tomorrow to extend the bush tax cuts for everybody making less than 250 and then we could have a discussion about the people making over 250 from now to the end of the year but we could ensure people making under 250 don't see their paychecks, $2,000 taken out of it on january 15th and january 30th. >> why should they do that? >
i'll call president obama's bluff. the reason i'll call the bluff is this, i do not think at the end of the day that he will let all the tax cuts expire and he'll let the economy go into a recession. i do not believe he'll do that. i'm call his bluff. he will have to make a deal with republicans because, yes, they will blame the republicans for the recession. i know that's what you're going to say. you know what there will be truth but it's obama who gets blamed for having another recession in...
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Jun 7, 2012
06/12
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he balanced the budget he had tax cuts in that. president obama was a no-show even for his own fiscal commission called simpson/bowles. we have erskine bowles, chief of staff of president clinton and co-chair of president obama's own financial commission. i'm like one of your biggest supporters. >> thank you. >> you've got pockets of support everywhere in the senate and they're trying to cook up something again. but seems to me you can't put torque behind your program until the president fully embraces it, and i do not for the life of me understand why he hasn't. what do you think? >> oh, larry, i think he didn't embrace it because he felt if he used it as a framework for his discussions with speaker boehner, he'd have a better chance for success. i disagreed with him. i wish he had embraced it. i think he'd be in a better position today if he had. >> but the big story today posted up on drudge and going to be through "time" magazine, democratic consults, senior guys in the party, are now really worried that obama's going to lose.
he balanced the budget he had tax cuts in that. president obama was a no-show even for his own fiscal commission called simpson/bowles. we have erskine bowles, chief of staff of president clinton and co-chair of president obama's own financial commission. i'm like one of your biggest supporters. >> thank you. >> you've got pockets of support everywhere in the senate and they're trying to cook up something again. but seems to me you can't put torque behind your program until the...
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Apr 20, 2012
04/12
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he's a ceo. >> obama is not a ceo. every day these scandals go by and they're not fixed proves he's not a ceo, but he's running again a successful ceo. >> we talked about this before. the last two ceos were george w. bush and herbert hoover. >> jimmy carter was a ceo. >> no, he want. >> he ran a peanut farm. >> my gosh -- >> and he was peanuts. >> and harry truman -- >> he had a has beener dashry. i liked alreadiry truman. >> my point is this. romney was successful in business, but wasn't able to translate in. >> this is a business breakdown. >> he wasn't able to translate his business skills to success in massachusetts. >> all of that may be true, but as the country goes bankrupt and all these scandals break out, this is time for a businessman if we've ever had a time, and i'm going to end it right there, answering my own question as usual. but the cast is great. thank you, gentlemen. i appreciate it. >>> coming up, two years after bp's deepwater horizon oil rig blew up in the gulf, are we back to normal and tapping o
he's a ceo. >> obama is not a ceo. every day these scandals go by and they're not fixed proves he's not a ceo, but he's running again a successful ceo. >> we talked about this before. the last two ceos were george w. bush and herbert hoover. >> jimmy carter was a ceo. >> no, he want. >> he ran a peanut farm. >> my gosh -- >> and he was peanuts. >> and harry truman -- >> he had a has beener dashry. i liked alreadiry truman. >> my point...
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Sep 26, 2012
09/12
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the labor force, shrinking, poverty way up, president obama himself offers no middle class tax cuts, he just wants to extend them, not new ones. there's no answers to this. it's mitt romney who has got to stay on the pro-growth message, take-home pay. take-home pay. i talked about it the last couple of nights, wrote a column on it. today he just seemed to go off track and it blows my mind. let's get insight from inside the romney campaign. he's a senior economic adviser with the campaign. you have to explain this to me, this is time mr. romney should be talking about middle income tax cuts. he's got a great reform plan, and he's got to help average americans losing money on a daily basis. what's going on here? why is he dialing back his tax cut plan? >> oh, well, larry, certainly not doing that, and it's really very consistent with what he's been saying on the stump ever since he announced this great plan and he's emphasized this is a tremendous pro-growth, pro-jobs tax plan, marginal tax cuts, and it's going to produce 7 million jobs over the next seven years. contrast that with the
the labor force, shrinking, poverty way up, president obama himself offers no middle class tax cuts, he just wants to extend them, not new ones. there's no answers to this. it's mitt romney who has got to stay on the pro-growth message, take-home pay. take-home pay. i talked about it the last couple of nights, wrote a column on it. today he just seemed to go off track and it blows my mind. let's get insight from inside the romney campaign. he's a senior economic adviser with the campaign. you...
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Sep 6, 2012
09/12
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there is not a single penny cut from medicare benefits. you want to voucherize benefits you will cost seniors hundreds of dollars more a year. >> excuse me. the president himself -- >> may i ask heather -- this is a neutral question. if president obama does come out with specifics tonight -- in my head i have a line in the excerpts from the speech that like fdr he's going to talk about experimentation. he did say he may have new things to unveil. here's the question. if he unveils new specifics, will that put the pressure on governor mitt romney to be more specific about his own economic plan because in his convention speech there was only a couple hundred words about romney's economic plan. it disappointed me and a lot of people. can obama put pressure on romney to come up with details for his plan? >> i would love out if romney would. i think one thing romney needs to explain is unlike the left we believe capital and labor go together. we believe markets are actually the engines of growth and that we, in fact, are not the habijians they
there is not a single penny cut from medicare benefits. you want to voucherize benefits you will cost seniors hundreds of dollars more a year. >> excuse me. the president himself -- >> may i ask heather -- this is a neutral question. if president obama does come out with specifics tonight -- in my head i have a line in the excerpts from the speech that like fdr he's going to talk about experimentation. he did say he may have new things to unveil. here's the question. if he unveils...
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Feb 1, 2012
02/12
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he was no different than obama. i mean, really he wasn't and as milton always said government spending is taxation. so bush was as big a taxer as anyone as i have ever seen. i do like the marginal rate cuts, but the rest of it was awful. >> we have enough history here. >> it's a lot of growth. kennedy, reagan, hardy and coolidge, they all did a really, really well and all of the others that didn't afford it. >> it was under kennedy. he lowered it. >> he lowered it from 91 to 70. you want to make it back 70. we can make it back to 70. >> can i tell you what kennedy did? he cut the corporate rate from 52% to 48%. your rep reps blocked him. and he accelerated the depreciati depreciation. he was a pro-growther. >> we have an agreement. we will go back to the kennedy-era tax rates, 70% and the economy will do great. >> if you will get your obama to bring spending down to that level i would almost be willing to do that, but these are wild, crazy spenders who are taxing all of our kids and our grandchildren's money. >> han
he was no different than obama. i mean, really he wasn't and as milton always said government spending is taxation. so bush was as big a taxer as anyone as i have ever seen. i do like the marginal rate cuts, but the rest of it was awful. >> we have enough history here. >> it's a lot of growth. kennedy, reagan, hardy and coolidge, they all did a really, really well and all of the others that didn't afford it. >> it was under kennedy. he lowered it. >> he lowered it from...
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Oct 11, 2012
10/12
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between romney wanting to cut your tax rates and obama wanting to increase your top tax rates. that's the difference between the two parties. >> all right. dean baker, get you into this discussion. you know, dean, the brookings institute supports lower tax rates and knocking out deductions. that's what they want. everybody in washington except team obama. obama's idea, and biden's idea is to jack up tax rates for the upper end. lord knows what they are going to do with deductions. that isn't tax reform. they are the odd people out. >> well, lord doesn't know what governor romney wants to do. that's what we're trying to figure out. maybe representative ryan will be able to tell us tonight because the point was he's saying he wants it to be revenue neutral. he's told us how much he wants to cut taxes for the wealthy, and then he says he's not going to eliminate the tax deductions for middle-income people. that doesn't add up. >> it does add up. i've got to challenge you. >> you're talking about the brookings institute. i looked at their study. they are the ones who say it doesn't
between romney wanting to cut your tax rates and obama wanting to increase your top tax rates. that's the difference between the two parties. >> all right. dean baker, get you into this discussion. you know, dean, the brookings institute supports lower tax rates and knocking out deductions. that's what they want. everybody in washington except team obama. obama's idea, and biden's idea is to jack up tax rates for the upper end. lord knows what they are going to do with deductions. that...
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Jan 31, 2012
01/12
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when hillary ran against obama, was the issues debate any deeper? was it more detailed? i can't remember, it's so long ago. >> i'll tell you something. there, my friend, you really had two people who had essentially adopted the same economic outlook, very little difference between them. but here is the distinguishing factor. right now in florida, you are seeing character assassination. >> right. >> i don't remember that in the democratic primary. and this is toothpaste you cannot put back in the tube. this is something you can't sweep under the rug. it's very dangerous for the republican party. listen, people barely remember obama getting bin laden. they're not going to remember this nine months later. things move too fast, too many cycles. >> that's the thing, then. i know that mitt romney has it in his bones. i know that newt gingrich has it in his bones. but i didn't hear it. and i think we're going to leave florida, yes, mitt is going to have apparently a landslide victory. but we're going to leave florida without knowing what the debate is about. and i want to say t
when hillary ran against obama, was the issues debate any deeper? was it more detailed? i can't remember, it's so long ago. >> i'll tell you something. there, my friend, you really had two people who had essentially adopted the same economic outlook, very little difference between them. but here is the distinguishing factor. right now in florida, you are seeing character assassination. >> right. >> i don't remember that in the democratic primary. and this is toothpaste you...
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Oct 10, 2012
10/12
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why suz president obama continue to spread falsehoods about the untrue romney $5 trillion tax cut? there is no such thing. but he calls him a liar. and that boils my blood a little bit. let's talk about this for a few moments. cnbc contributor jared bernst n bernstein. jared's got a lot at stake in this debate. >> and art laffer, laffer investments chief investment officer. i want to start with my pal, art laffer. where does this $5 trillion number come from and is it a good or bad thing, the romney tax reform? >> i think the romney tax reform is wonderful. i think what the president did was i think he looked at all the tax rate reductions and didn't realize that romney was also proposing a huge increase in the tax base by eliminating deductions, exemptions, exclusions and other loopholes. and there are lots of them that could be eliminated that will bring it to revenue-neutral. and romney promised it would be revenue-neutral. and i believe him. i think it would be great. i don't know why obama didn't take that issue himself -- >> art, let me say first of all, it's great to see you
why suz president obama continue to spread falsehoods about the untrue romney $5 trillion tax cut? there is no such thing. but he calls him a liar. and that boils my blood a little bit. let's talk about this for a few moments. cnbc contributor jared bernst n bernstein. jared's got a lot at stake in this debate. >> and art laffer, laffer investments chief investment officer. i want to start with my pal, art laffer. where does this $5 trillion number come from and is it a good or bad thing,...